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Intel's Mobileye targets $15.9 billion valuation in IPO
  + stars: | 2022-10-18 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Intel 's self-driving subsidiary, Mobileye, is targeting an IPO that would value it at nearly $16 billion. Mobileye shares will be traded on the Nasdaq. It will hold over 750 million shares of Class B stock which has 10 times the voting power of Class A stock. In total, Intel expects there to be 796.26 million shares of Mobileye outstanding that, if priced at $20 at the high end of the range, would give the self-driving division a valuation up to $15.9 billion. The filing shows strong revenue growth for Mobileye from $879 million in sales in 2019 to $1.39 billion last year.
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